Types Of Properties In Grand County
Grand County is known for its diversity of communities – Winter Park, Fraser, Tabernash, Granby Ranch, Granby, Grand Lake, and Hot Sulphur Springs – and within each of those communities, there’s a variety of properties.
Ski-In / Ski-Out: Roll out of bed, put your boots on, and walk to the ski lift for first tracks…that’s the lure of ski-in and ski-out property. If you have young children, this type of home becomes even more appealing. In Grand County, ski-in and ski-out properties have been built around Winter Park Resort and Sol Vista Basin ski area.
Condos / Condominiums: Condos in Winter Park, Fraser, Granby Ranch, Granby, Grand Lake, and other parts of Grand County make great vacation homes or second homes, because they’re low-maintenance and can generate nightly rental income. Many also have amenities, including hot tubs, pools, and recreation centers. If you’re looking for a condominium, it’s important to check out the monthly maintenance fee and the financial health, legal structure, and responsiveness of the homeowner’s association.
Townhomes / Townhouses: Townhomes in Winter Park, Fraser, Granby Ranch, Granby, Grand Lake and the other towns in Grand County often include attached garages, and typically, no one is above you or below you. A common floor plan includes a garage and/or bedrooms on the ground floor, kitchen, living room, and dining room and/or a bedroom and bath on the second floor, and additional bedrooms on the third floor. Many town home projects have been completed in Winter Park, Fraser, Granby Ranch, and Granby in recent years, and they offer the latest in home decoration and amenities.
Duplexes / Triplexes: Duplexes and triplexes are available throughout Grand County, ranging in size from cozy to colossal. In a typical duplex or triplex situation, you’ll own a portion of the building and share maintenance and responsibilities with another owner(s) through a party-wall legal agreement.
Homes: Single-family homes, ranging from modest to luxury, are spread throughout Grand County. Typical lot sizes range from fractions of acres (in the towns of Winter Park and Fraser), to 2 acres, 35 acres, even ranch-size spreads closer to Granby, Grand Lake, Parshal and Hot Sulphur Springs. Most of the homes were built one at a time, but in recent years, the developments of Rendezvous, Grand Park, Grand Elk, and Granby Ranch have offered popular models of single-family homes clustered close together.
Vacant Land: Vacant land in Grand County can be purchased for as little as $10,000, or you can splurge into the millions. Factors to consider when purchasing vacant land include: accessibility, year-round maintenance of roads, utilities, water and septic, forest health, and more. This can be one of the trickiest types of property to purchase, and we’d be happy to help you make a wise decision.
Quarter-share properties are a way for you to enjoy a higher end property at a fraction of the full ownership cost. This is basically how they work…
An investor purchases the entire property. They furnish and decorate, to the last detail such as silverware, art, linens, small appliances and electronics. Everything you would need to use or rent the property.
Bylaws, owner rules and regulations, for the future shared ownership are then set up. Rules usually say each owner gets to use the property every fourth week, with a rotation at the end of the year so that every owner gets the Christmas week every four years.
Depending on the buyers and if the property is already a quarter-share and being resold, or if it is a new quarter-share, rules may or may not be negotiable. If it is an existing quarter-share, with 3 other owners, these owners have already agreed upon the basics, such as no smoking and pets or no pets allowed. You would want to review these documents closely and possibly speak with the other owners to see if this would be a good fit.